Value added tax (VAT) in Nigeria - Emerging problems, prospects and the way forward Department:Accountancy By: GodFirst Project ID: 5140 Rating: (3.3) votes: 6 Price:₦1000 Get the Complete MaterialAbstractThis project is an attempt to analyze and evaluate the level of success made in the implementation and management of Value Added Tax (VAT). VAT was introduced in Nigeria was seen by many as another fixed policy that may not succeed. On the contrary, this notion was proved wrong by the success of the Federal Board of Inland Revenue Services in the administration of VAT. Under the Federal Board of Inland Revenue Services, there exist a VAT directorate responsible for the management and implementation of VAT in our country Nigeria. This piece of work focused on the strategies adopted by the Federal Board of Inland Revenue Services to facilitate payment by taxable individuals. A touch is also made on the analysis and comparison of VAT with other forms of tax in Nigeria to prove its viability. Finally, the work treated the contributions of VAT to Federal, State and local government revenue and their expectations. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )